EricFJ on Nostr: MicroStrategy and the ETFs don’t have protocol-level power because they don’t ...
MicroStrategy and the ETFs don’t have protocol-level power because they don’t actually do shit with Bitcoin. They don’t mine, don’t run consensus-critical infrastructure, and don’t validate payments in exchange for real-world goods or services. They’re just large passive receivers of Bitcoin, acting as financial wrappers for fiat capital.
Published at
2025-05-14 23:50:21Event JSON
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"content": "MicroStrategy and the ETFs don’t have protocol-level power because they don’t actually do shit with Bitcoin. They don’t mine, don’t run consensus-critical infrastructure, and don’t validate payments in exchange for real-world goods or services. They’re just large passive receivers of Bitcoin, acting as financial wrappers for fiat capital. ",
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